5050 Foundation
Fiscal year ending 2023. Filed on November 15, 2024.
Post Office Box 150369
Nashville, Tennessee 37215
5050 Foundation (EIN: 86-2202687) has filed an IRS Form 990 since fiscal year 2023. In its fiscal year 2023 IRS Form 990 filing, 5050 Foundation, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $0.
Revenue, expenses, and employee compensation
Revenue
Expenses
Employee compensation
Non-Employee Board Members
No board members were reported during this fiscal year.
Mission Statement
THE FOUNDATION ORGANIZES, OPERATES, AND MAINTAINS INTEGRATED PROGRAMS OF BASKETBALL INSTRUCTION AND ACTIVITIES AVAILABLE TO BOYS AND GIRLS IN GRADES NINE THROUGH TWELVE IN A MANNER THAT FIRMLY IMPLANTS THE SPIRIT OF COMPETITION AND THE VIRTUES OF GOOD SPORTSMANSHIP, DISCIPLINE, TEAMWORK, HONESTY, LOYALTY, COURAGE, AND RESPECT IN THE PROGRAMS' PARTICIPANTS, AND THAT DEVELOPS ENTHUSIASTIC SUPPORT FOR BASKETBALL AMONG STUDENTS, PARENTS, AND PLAYERS BY, AMONG OTHER ACTIVITIES, TEACHING THE ADVANCE FUNDAMENTALS OF BASKETBALL TO THE PROGRAMS' PARTICIPANTS, PROMOTING EXCELLENCE IN BASKETBALL BY DEVELOPING A COORDINATED EFFORT AMOUNTS ITS VARIOUS PROGRAMS, PROVIDING A PATHWAY FOR SECONDARY EDUCATIONAL SCHOLARSHIPS THROUGH ATHLETICS AND ACADEMICS, AND COMPETING AND EXCELLING IN AMATEUR ATHLETIC UNION BASKETBALL TOURNAMENTS.
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